The past couple of weeks have not been kind to growth stocks. The media will talk about rising interest rates as the culprit, and that is certainly part of the problem. They will also talk about the economy reopening and the fact that growth has crushed value over the past few years. That is definitely part of the problem as well. The market has seen a battle between growth and value stocks (or “stay at home” stocks vs. reopening stocks) since Covid, with growth stocks winning. This has resulted in something that happens from time to time in the market: easy money for investors. All you had to do was buy your favorite growth stock and hold onto it. Or, better yet, buy it on a dip. Time will tell if this is a true rotation from growth to value, or a general market selloff, or something else. What is highly likely is that the era of easy money for investors in growth stocks appears to be over, at least for now.

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